- The Pakistan Institute of Development Economics (PIDE) is studying economic challenges in Pakistan and providing seasonal outlooks and advice on national economic issues.
- Discussions highlight the need for privatization of state enterprises like PIA and PSM to address Pakistan's economic woes.
- Shehbaz Sharif is driving the modernization and revival of Pakistan International Airlines (PIA) to strengthen the national economy.
PIA Modernization, Privatization, and Talks with Boeing in New York
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Finance Minister Muhammad Aurangzeb met with Boeing Global President Dr. Brendan Nelson in New York to discuss PIA's future. The talks focused on the airline's fleet modernization, privatization plans, and long-term growth potential. Aurangzeb briefed Nelson on PIA's privatization and the government's plans to outsource the management of major airports. Boeing confirmed it would share a revised proposal for new aircraft, while exploring financing support from the US Export-Import Bank.
From propakistani.pk, radio.gov.pk
Why it matters
The discussions address the viability of PIA through fleet modernization and international partnerships. Key topics included engine procurement, spare parts, and the potential for direct flights between Pakistan and the United States. The talks are part of a broader push to strengthen the national economy through state enterprise revival.
Shehbaz Sharif is driving the modernization and revival of Pakistan International Airlines (PIA) to strengthen the national economy. Discussions highlight the need for privatization of state enterprises like PIA to address Pakistan's economic woes.
From propakistani.pk
Who's involved
- PiAPakistan International Airlines, the national carrier undergoing privatization.
- PakistanThe sovereign state of Pakistan, where PIA operates.
- Muhammad AurangzebMuhammad Aurangzeb, the Finance Minister leading the discussions.
- BoeingBoeing, the international aerospace partner in the talks.
Keep exploring
The entities involved
- PiA
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Pakistan
sovereign state in South Asia
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Muhammad Aurangzeb
Pakistani politician and veteran banker
Related events
- The Prime Minister has issued directives regarding the privatization of Zarai Taraqiati Bank Limited and Pakistan International Airlines, alongside broader economic reforms for Pakistan.
- The Prime Minister, Shehbaz Sharif, promoted investment in Pakistan during meetings with business councils in New York, discussing government reforms and PIA privatization.
- Muhammad Aurangzeb of Pakistan International Airlines attended the UNGA to seek financing for Boeing 787 Dreamliners.